Mining-equipment maker Joy Global’s fiscal fourth-quarter earnings plummeted 87% as the company struggled to cut costs and an oversupply of commodities-accentuated weaker demand in emerging markets. “With a limited number of projects that can book in time to help 2014, we continue to see both the need and opportunity to lower the cost base in our business,” Chief Executive Mike Sutherlin said. Shares dropped 4.8% to $53.55 premarket.

MasterCard Inc.'s board approved a series of shareholder-friendly actions including an 83% boost to its dividend and an authorization to repurchase as much as $3.5 billion of its shares. Shares climbed 4.2% to $795.90 premarket.

NorthStar Realty Finance Corp. disclosed a plan to spin off its asset-management business into a separate publicly traded company, a move investors praised. NorthStar’s shares rose 17% to $11.60 premarket.

Avon Products Inc. said it halted a roll-out of a new order management system, saying a pilot program in Canada resulted in “significant business disruptions in the market.” The company said the change will result in additional layoffs and write-downs.

CBOE Holdings Inc. said it will pay a special cash dividend that will cost nearly $44 million, while the U.S. options exchange operator also boosted its stock buyback authorization by an additional $100 million.

Vacation-home rental website operator HomeAway Inc. and midstream energy owner American Midstream Partners LP separately disclosed plans to offer shares and units, respectively. HomeAway is aiming to raise proceeds for general corporate purposes, while American Midstream is looking to use some of the funds to pay for a previously disclosed acquisition.

Home Depot Inc. issued a slightly cautious earnings target for the new year, projecting 17% growth in per-share earnings, while analysts polled by Thomson Reuters expect growth of 18%. The home-goods retailer typically issues cautious guidance and then repeatedly raises expectations throughout the year.

Marathon Oil Corp. boosted its capital budget for next year and said it expects production to grow as it plans to ramp up rig activity at U.S. resource plays. Marathon said it will invest more than 60% of the budget in its North American resource play assets.

Smith & Wesson Holding Corp.'s fiscal second-quarter earnings fell 20% despite continued strong growth in handgun sales and higher margins. The gun maker’s revenue was near the high end of estimates and the company provided fiscal third-quarter guidance that topped expectations.

Tessera Technologies Inc. named its interim chief executive, Thomas Lacey, to the top post Tuesday, bringing to a close a months-long search for a permanent leader.